March 2018 | Volume 70, Number 3
Fracturing Plans and Reality Often Look Really Different
Good diagnostic testing is often painstaking, time-consuming, and costly, but recent studies suggest that a lack of knowledge can be even costlier.
Delivering Long-Term Value in E&P
E&P has become a margin business, with relentless pressure on cost performance and global competition for capital. As operators consider how to achieve further reductions in unit operating costs, the leadership team should focus on long-term value.
Digging up New Information on What Fractures Really Look Like
During a panel discussion on what fractures look like, one expert added a significant qualifier to the title: what they “may look like.”
Oilfield Service Sector Sees Recovery Emerging
After 3 harsh years of budget cuts and layoffs, oilfield services companies are beginning to see a recovery take shape. And the worst may be over for heavy-asset suppliers and equipment manufacturers in the offshore and subsea sector, but recovery is likely to be significantly slower.
Statoil, ABB Among Companies Pushing Integrated Operations Initiatives
Statoil’s integrated operations center on the Norwegian continental shelf is one of several initiatives operators and service companies have set in motion to improve condition monitoring and maximize production on their assets.
OTC To Draw Global Participants for Look at Industry’s Future
As the industry moves toward recovery and stability, OTC will attract global industry professionals, government officials, academic experts, and many other organizational representatives to discuss technology and broader industry issues and assess the future.
Is There a Need for a Reserves Confidence Metric?
Critical to the integrity of our industry is confidence in publicly disclosed reserves. The Reserves Confidence Metric is a simple tool to identify reserves estimates that should be assessed with caution or require further information.
They Are Not Drilling Shale Wells Like They Used To
Shale operators are working harder to get as much out of new wells as they did from older ones nearby.
01 Mar 2018
The ThinFrac MP friction reducer from BJ Services is a special synthetic copolymer for enhanced prop ...
01 Mar 2018
BetaZi Basin Studies provides bundled, prerun production forecasts on every well in a basin loaded o ...
Improving Corrosion Management by Using a Micelle Detection Technology
Corrosion inhibitors are often the first line of defense against internal corrosion, and effective mitigation relies on proactive monitoring and management of these inhibitors to allow for regular feedback and dose adjustment.
01 March 2018
Clay Williams, SPE, chairman, president, and CEO of National Oilwell Varco, was appointed a member o.......Read More
North Sea Discoveries Highlight Rebound in the Slumbering Sea
BP announced two North Sea discoveries, adding to signs of a revival in play that was looking old, tired, and overpriced a couple years ago.
Chevron, Total Log Big Discovery in Deepwater Gulf of Mexico
The two supermajors and offshore powerhouses are assessing the latest Gulf of Mexico discovery.
E&Ps Hedging Production To Support Cash Flow and Returns Goals
Facing increased pressure to deliver neutral cash flows and stronger corporate returns, North American E&P companies hedged more oil and gas production than usual heading into 2018.
Majors to Feature Heavily in Global Upstream M&A Activity in 2018
With portfolios that in some cases look dramatically different from a few years ago, the majors now have the ability to think about long-term upstream growth through deal making.
ExxonMobil Plans to Triple Permian Output
The Irving, Texas-based supermajor plans to cash in on its expanded foothold in the Permian Basin, aided by a big reduction in the US corporate tax rate.
Senior Petroleum Engineering Consultant, Saudi Aramco
Mark S. Egan
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ON THE COVER
2018 SPE President
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